…Y/Y growth basis, there’s a 96% correlation between real retail sales and real private consumption by households and non-profit institutions. Using a simple linear regression, the annual growth rate of…

I remain very skeptical about the sustainability of the recovery, as the labor market is in shambles and nominal wage growth is unlikely to facilitate “healthy” deleveraging – please see…

…In my August review of the Q1 QCEW, I concluded that it was “suggesting there might not have been any job growth at all this year.” Updated through Q2, it…

…growth, and per capita income growth are the components of a state’s economy, with the strongest determinants being the presence of extractive industry (primarily due to the higher price of…

by Mike Kimel From an article in the NY Times: Politicians sometimes say that lower tax rates lead to higher economic growth, which in turn leads to higher overall tax…

…The 4% growth rate came from a generous estimate of World GDP growth over the period, assuming a direct, linear link between GDP growth and demand for petroleum. Here is…

…moi): that based on the long-term historical record, by pretty much any economic measure it’s progressive policies that deliver superior growth, prosperity, fiscal responsibility, opportunity, individual liberty, and a vibrant,…

…that the “economic growth” rationalization of the various flat tax plans that shift the tax burden to the middle class while granting enormous tax cuts to the wealthy is merely…

…spread between unit labor cost growth and price growth is a primary determinate of profits growth and it is saying that profits expectations are still too high– Standards and Poors,…

…what they should. Both families and the government should budget countercyclically — their savings rates should be higher during periods of growth than during periods of economic decline, so that…